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<P class="MsoNormal"><SPAN style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I am leaving on sabbatical for 18 months. Please remove me from the list – thanks.<O:P/></SPAN></P>
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<P class="MsoNormal"><B><SPAN style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</SPAN></B><SPAN style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<B>On Behalf Of </B>Jayne Gilbert<BR/>
<B>Sent:</B> Wednesday, May 27, 2015 11:21 AM<BR/>
<B>To:</B> WSBA Probate & Trust Listserv<BR/>
<B>Subject:</B> [WSBAPT] Estate Became Insolvent-RP Only Asset-Just above Water<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">I posted something similar to this last week and only got one response. Dear<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">listserv people if you have any thoughts, please respond:<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">QP: There is not enough equity to pay General Creditors. PR will be filing a Notice of <O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">Apparent Insolvency. After the mortgage has been paid and the cost of a sale has<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">been paid, there will be between $2,500-$4,000.00 left for Creditors at best<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">When the Creditors have all received Notice of Insolvency and Notice is Filed with<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">the Court can the PR resign, quit or otherwise walk away from the Probate? If so<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">what kind of Motion does the PR bring?<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">Or does the PR simply inform the Creditors of her intent to "walk away" or does <O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">it require a Court Order?<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">Would your answer change if the PR lives in the house at present with the<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">Beneficiary's consent? And the mortgage Company is initiating Foreclosure?<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">The PR is not a Beneficiary or an heir<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">Would a Deed in Lieu for the Benefit of the Estate be a possible answer or<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">does that conflict with my duties as attorney to the PR and attorney to the<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">person who happens to be the PR?<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">The PR is not a beneficiary or heir.<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">This is my first and hopefully, last Insolvent Estate.<O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt"><O:P> </O:P></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">Thank you very much for reading this request for guidance. <O:P/></SPAN></P>
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<P class="MsoNormal"><SPAN style="font-size:9.5pt">I do appreciate it<O:P/></SPAN></P>
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<P class="MsoNormal">-- <O:P/></P>
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<P class="MsoNormal">*************************************************<O:P/></P>
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<P class="MsoNormal">Jayne Marsh Gilbert<O:P/></P>
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<P class="MsoNormal">Gilbert and Gilbert Lawyers, PS<O:P/></P>
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<P class="MsoNormal">(360) 336-9515<O:P/></P>
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<P class="MsoNormal">*************************************************<O:P/></P>
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